Member Info for D220

Looks like we might have increased our production at an opportune time. Talk of $100pb next year.... https://www.telegraph.co.uk/business/2018/04/23/geopolitical-storms-threaten-100-oil-us-shale-struggles-plug/ Think of the cash we will be making then! I guess they would have to consider a dividend or share buyback just to use it up!!!

Cheers f29, made good listening. Very upbeat, especially re Hot Maden. PFS very soon by the sounds of it....

Yes you are probaby right about 'not material'. We have enough other good stuff coming anyway... :-)

But I would have though an operator of the calibre of ENI would have had this sorted by now: drill H218...

How on earth long is it going to take ENI to sort a rig for Rowallan? They were reported as looking in January! Surely they must have found a suitable one by now and have finanlised terms. I thought rig rates were at an all time low so you would think they would be able to get this sorted and announce something...

errrm, unless you are on a different time zone, there is plenty of Friday left for an RNS. No law against intra day news release.... Not that I expect one today....

From the April presentation. My capitals : - "A de-blocking operation is underway AND the Company and its partners have commenced engineering and procurement for an export bypass pipeline aimed at delivering a permanent solution for the wax condition"

dunderhead - pure luck. Good job I am not a trader!

Whether this is headed up or down in the short term I know not but I have just bought another �4260 worth (at 81.6p) for my son's Junior ISA. Medium term I am convinnced it will be a sound investment. I still have a feeling that Rowallan rig news and drill date cant be far off....

I wish you would make your mind up - the other day you said next stop 100p.....

Interesting - IG will not let me open a position online, only to close.....

If we assume that the 7,000 is (conservatively) correct, that would give us 2,800 net for the rest of this year (and 3,500 next year) - or more than Erskine! :-)

I had a discussion with NKOTB re Rhum 3 but cant recall the figures, other than they are very significant. In excess of 7k boepd I believe.....anyone confirm?

Clearing Erskine blockage should be good for a short term lift. I guess most of the Q3 pipeline replacement work can be done without impacting on the existing route? So downtime in Q3 should be minimal if "all" they have to do is connect a couple of pipes! That assumes that they can actually clear the existing route and keep it cleared for a few months!

Investors running for the cover of gold today with Trump on the warpath...? SAND up nearly 2.5% so far. It would be nice to be convincinglyy above 5 USD.

Looking good today. People realising what a sound investment this is at these levels IMO.

Daz - yes , I had clocked that but hadn't checked todays equivalent. Still a fair margin at todays oil prices though. All a question of how the half mil is going to be funded. Debt, dilution or a mix? If it is going to be dilution, would be nice to see the sp in double digits first......

Yes, really interesting quote from Mitch: "Though much of our effort is currently directed towards the transition of BKR operations from BP, we continue to seek new opportunities to add to our portfolio of assets. We believe that the UK North Sea, where there are strategic benefits for Serica, will continue to provide new opportunities to grow the business and add shareholder value." They seem keen to mention other opportunities whenever they can, so there must be something in the works IMO.

Could just as easily be rig contract and drill date for Rowallan......

Agreed - all looks good. Especially: "The selection of the Shearwater hub as the optimum offtake route for the Columbus field, and our planned submission of the field development plan scheduled for mid-2018 are significant steps towards first production from the field." "Operationally, we are delighted that work will soon commence on the Rhum R3 well intervention and that preparations continue for drilling a well on the Rowallan prospect in which we have a 15% carried interest. A successful outcome in one or both of these projects will have a material impact on Serica."